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HomeMy WebLinkAbout1726 OrdinanceORDINANCE NO. 1726 AN ORDINANCE PROVIDING FOR THE TEMPORARY INTER -FUND LOAN IN THE AMOUNT OF $5,000 FROM THE GENERAL FUND TO THE NEIGHBORHOOD FACILITY OPERATING FUND IN THE AMOUNT OF $5,000; AND TO PROVIDE FOR THE REPAYMENT THEREOF. WHEREAS, said money is available in the General Fund, and WHEREAS, said recommended loan is in the best interest of the City of Pasco; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO DO ORDAIN AS FOLLOWS: Section 1. The temporary interfund loan is hereby authorized to be made frpm surplus General Fund monies to the Neighborhood Facility Operating Fund. Section 2. This loan shall be repaid by the Neighborhood Facility Operating Fund from proceeds received from the rental of office space, or from whatever other source of funding -that might exist, on or before December 31, 1976. Section 3. This Ordinance shall be in full force and effect after its passage and publication as required by Law. PASSED by the City Council and approved this 5 day of August 1975. (77D.,� db _. - - - - DONALD D. LINTON, MA OR ATTEST- L"eo E. O1-ney, Di "rector of Fi nancc6 and Ex -officio -City=C-lerk APPROVED ASJO FORM: ti Patrick T-. o ch, City Attorney IN" J ..